Criteria for BOI Project Approval for Agricultural Products
International investments in the Thai agricultural sector have witnessed more concentration in the manufacturing of agricultural products and in food processing. In order to encourage more foreign investment in this sector the Board of Investment is ensuring incentives and privileges. However, to get promoted by the BOI you must know whether your project will be […]
Japan and Thailand Bonding Over Robots and Automation
You may already know that Robotics in Thailand is on rising demand in Asia and worldwide, especially in the automotive industry. Therefore, Japan is willing to buy robots and other devices to automate a wide variety of tasks, which include earthmoving, hotel room service and manufacturing. That not being the only reason, Japan is experiencing […]
Straight from 41st to 27th! Quite a Jump for Thailand
The Bloomberg Health Care Efficiency Index ranks Thailand 27th among 56 countries, up from 41st place last year. It is found that the life expectancy has advanced to 75.1 years plus the medical tourism industry is among the fastest-growing industries. So, how does this Index rank countries? It is done on the basis of […]
How Thailand is Working Towards Their Medical Hub Goal
Such huge hospitals, world-class medical facilities and high-end medical equipment, I wonder at times how challenging would it is for Thailand to keep up with the international standard. Little did I know that behind the scene a company named Asset Management Systems (AMS) has been giving supporting services to the hospitals to ensure that the […]
If Investing in Thailand’s Digital Engineering and Manufacturing Technology, You Must Know These
The Thai government with the Board of Investment in Thailand has released a policy statement that highlights the nation’s plan to expand the support of the technology industry, which includes science, development and innovation and research and development. So, what does the approved digital technology in Thailand involve? Big Data Analytics Technology Decentralized Sequential Transaction […]
Are You Thinking of Investing in Thailand’s Robotics Industry?
That may be a great way to jump-start your entrepreneurship! The Thailand Board of Investment or as we commonly known it as BOI, it promotes investment in this sector for both the supply side, including manufacturers of robotics and automation systems and parts, and demand side, including manufacturers who are applying for robotics in production […]
Thailand’s Export is to Reach Historic High
Thailand’s export value increased 12.2% YOY in the month of September, showing a strong growth in all the product categories and major markets. Particularly, gold exports grew 243% YOY. In fact, oil and related items like refined fuel plus rubber and rubber products have expanded by 53% YOY and 42% YOY, respectively. Similarly, there has […]
How Successful is Sino-Thai Relation?
China and Thailand, since the establishment of their diplomatic relations, both countries have developed a mutually benefiting relation. Be it in politics or economy and culture, their trust upon each other is immense. Sino-Thai relations are as good as a family. The traditional friendly relation between these two countries has quite a long history. As […]
How to Avail 50% Corporate Income Tax Reduction for Next 10 Years in Thailand
Is that even possible? Why not, provided you have a BOI-promoted company in Thailand? The Board of Investment, Thailand, offers many incentives to foreign investors; one of which is maximum 50% CIT reduction for up to 10 years. Even a foreign company in Thailand can also enjoy corporate income tax exemption for up to 13 […]
Specific Business Tax in Thailand. Now What’s That?
It’s another kind of indirect tax introduced in 1992 so as to replace Business Tax. What really happens is that there are certain types of businesses that are excluded from Value Added Tax (VAT), those will instead be liable to Special Business Tax (SBT). So, does your business need to pay SBT, let’s find out. […]
